The US hemp derivatives market was valued at US$ 1,403.5 million in 2018, and it is expected to grow at a CAGR of 23.7% during the forecast period 2019-2027 to reach US$ 7,056.4 million by 2027.

Increasing consumer awareness regarding the nutritional benefits related to hemp derivatives and growing cultivation of industrial hemp has driven the growth of US hemp derivatives market. Hemp derivatives such as CBD, seed oil, fibers etc. find vast applications in several end-use industries such as food and beverage, pharmaceuticals, personal care, animal feed, and others, which is further driving the demand of the market. The trend…